The Transport Ministry will sign agreements with contractors for the development of the Cairo Metro Line 4 in July, Transport Minister Hisham Arafat said on Sunday, AMAY reports. The contractors are likely to be exclusively Japanese or those in partnership with Japanese companies, as dictated by the conditions of Egypt’s USD 1.2 bn loan agreement with the Japan International Cooperation Agency to fund the project.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…